MyECheck Inc., the Folsom-based developer and licenser of electronic check services, announced Friday that it has signed an agreement to acquire Seergate Ltd., developer of an electronic payment software platform for banks.

The local firm said it will acquire 100 percent of Seergate’s stock in exchange for a minimum $3 million in shares of MyECheck common stock.

The Seergate system will be integrated with the MyECheck payment systems.

Seergate, founded in 2007, is an Israeli corporation with offices in Atlanta. The company raised several million dollars from investors to develop a payment platform targeting small business, electronic commerce and personal money movement; it has been implemented with banks in the United States. The platform can manage various financial services, including mobile payments/transfers, automated billing and refund transactions.

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